$449,999
PRICE
4
BEDROOMS
4
BATHROOMS
S13857138
MLSID
242 Penetanguishene Road 10, Barrie
**TURNKEY INVESTMENT OPPORTUNITY!** Welcome to 10-242 Penetanguishene Road. A unique and income producing townhouse offering an excellent opportunity for investors seeking strong rental income with tenants already in place. The property generates $3,300/month in gross rental income. This fully tenanted property offers immediate cash flow from day one. New washer and dryer were installed in 2023. At an asking price of $449,999, the property offers an approximate 9.9% gross rental yield with estimated known annual expenses of approximately $12,652 and an estimated NOI of approximately $26,948 before maintenance, vacancy and other potential operating expenses. Additional parking can be purchased from management for a monthly fee. Whether you're an experienced investor looking to add to your portfolio or searching for a property with multiple income streams, this is an opportunity worth exploring.
Sold History
SOLD
3 November 2021
$460,000
Summary
Address
242 Penetanguishene Road 10
City
Community
Street
MLSID
S13857138
Property Type
Condo Townhouse
Property Category
Bedrooms
4
Bathrooms
4
Kitchens
1
Taxes (Annual)
$3,566.04
Tax Year
2026
Published
October 2, 2026
Days on Market
26 Days
Possession Type
Flexible
Possession Details
Tbd
Details
Bathroom 1
3-Piece Main Level
Bathroom 2
3-Piece Second Level
Basement
None
Interior Features
Primary Bedroom - Main Floor, Water Heater
Parking Total
1
Parking Features
Reserved/Assigned
Architectural Style
2-Storey
Construction Materials
Brick
Exposure
South
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with RE/MAX HALLMARK REALTY LTD.